CPA Never under estimate the value
The bill’s semiconductor production incentives would include a new 25% investment credit.
Source: JOA News
Read More here – Senate passes CHIPS Act with semiconductor tax credit
A comment letter applauds efforts to develop global standards for disclosing sustainability information and provide suggestions related to the two exposure drafts.
Source: JOA News
Read More here – AICPA & CIMA comment on ISSB drafts of sustainability disclosures
If economic challenges continue, a survey finds that mergers and acquisitions could be the first area that CFOs and CEOs target for budget cuts, followed by environmental, social, and governance.
Source: JOA News
Read More here – Business leaders may consider cuts to M&A, ESG budgets
The IRS’s fiscal 2022–26 Strategic Plan sets out goals to modernize its operations and interactions with taxpayers while adapting to new challenges and threats.
Source: Tax News
Read More here – IRS seeks transformation in new 5-year plan
The IRS’s fiscal 2022–26 Strategic Plan sets out goals to modernize its operations and interactions with taxpayers while adapting to new challenges and threats.
Source: JOA News
Read More here – IRS seeks transformation in new 5-year plan
FASB issued a proposed Accounting Standards Update (ASU) that would amend transition guidance in an update from 2018 for long-term insurance contracts that have been derecognized because of a sale or disposal of individual or a group of contracts or legal entities before the effective date.
Source: JOA News
Read More here – FASB proposes changes to transition requirements in insurance guidance
CPAs offer advice to help leaders as they begin their management roles.
Source: JOA News
Read More here – What new managers wish they’d known
The U.S. GOA recommended that the IRS pilot videoconferencing for its program singling out “high-risk” return preparers for direct compliance checks and education with respect to refundable tax credits and other taxpayer tax benefits.
Source: Tax News
Read More here – Pandemic-paused IRS return preparer visits could resume by video
The U.S. GOA recommended that the IRS pilot videoconferencing for its program singling out “high-risk” return preparers for direct compliance checks and education with respect to refundable tax credits and other taxpayer tax benefits.
Source: JOA News
Read More here – Pandemic-paused IRS return preparer visits could resume by video
Negotiations on a reconciliation bill — a successor to the Build Back Better proposal — continue in Congress. But negotiators face a Sept. 30 deadline to get the bill passed.
Source: JOA News
Read More here – Congressional Democrats faced with ticking clock on reconciliation package
